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I don't think the net will be widened, I think when more tax funds are needed, the gauge of the net will be adjusted to catch more fish from the same people. i.
by darkerside 6y ago
I don't think the net will be widened, I think when more tax funds are needed, the gauge of the net will be adjusted to catch more fish from the same people. i.e. They'll increase the rate from 3% to 5%, not expose lower wealth individuals to the new tax.
- nemo44x 6y agoYou're partially correct. They'll increase the rate from 3% to 5% and then a new rate of 1% for the 30m-50m bracket and make it progressive.